HuskerNBigD

10 minutes ago, StPaulHusker said:

 But Bill Byrne had his sights set on Bob Stoops. 

 

I never knew this, what could've been!

9 minutes ago, StPaulHusker said:

If he's been drinking to the point of passing out (again a rumor) then perhaps he hasn't been asking.

 

Ignoring other sports is more or less meaning that he doesn't care.  This isn't ME saying it.  It's, again, the rumors.

 

On December 3rd, he was quoted as saying that we rank 8th or 9th out of 14 in the B1G but yet there is nothing they are planning to upgrade right now.  There should probably always be something going on every year for facility upgrades.

 

I don't know if they are true or not.  All I was saying that if they are, then the drinking is definitely playing a factor here.

Which again goes back to the point that @teachercd brought up. If this drinking hasn't been interfering with the job and boosters are pissed because it isn't the old guards style, then we need to learn to get out of the way. However, if some of the rumors are true (antics in Wisconsin, passing out at bars) then there is greater consideration required. 

I feel like his comment about the facilities holds some merit, we are lagging many of our peers, but it sounds like this was an attempt to strong arm Bounds and Green, both of whom are in a tough spot given the negative perception that would result from beginning facility remodels while the university  state cuts its budget towards higher education. However, we all know these are two separate line items and the facilities would not require any public funding.

I'm not really sure what to think, I like Moos and I think he was perfect to bring in to get Frost back home. It is tough to really make any final decision given the fact we're all basing our opinions off rumors.

6 minutes ago, VectorVictor said:

So how much of this is (toxic?) boosters wanting attention and to throw their weight around, and how much of this is that Moos has a legitimate drinking problem?

 

Just saying, if it’s more the former than the latter, then it doesn’t matter if we go get White at UCF, or Barry Alvarez decides to come back, or whomever incredible pie-in-the-sky AD we get—we’re still going to have problems until we get someone that can keep those boosters in check or cut ties with them completely. 

 

 

Agreed. Which seems to be paradoxical in nature, given the fact that the reddit user referenced earlier seems to give off the perception that many of our boosters don't want to get their hands dirty (i.e. pay to play). But then again, I'm not really sure what is going on. All hearsay. 

10 minutes ago, gobiggergoredder said:

No disrespect to MD, but what is on his resume that indicates he has any ability to run a multi million dollar athletic department?

Also, based on the Reddit thread, sounds like MD might also like the bottle. Not my place to judge but given the current situation, not sure he’d be the best replacement at this time. 

Not sure what protocol is on highlighting other social media outlets, but some interesting insight on reddit. 

Mods, if this post needs to be deleted, so be it. 

34 minutes ago, RedDenver said:

Employee contributions are not required as there are plans that literally do not require them.

 

But that's somewhat beside the point, as no matter how the plan is configured, funds put into your plan by your employer do not come out of the employee's pay, which was what you previously said was what was good about pensions.

 

As for investing poorly, that's not unique to individuals as seen by the original post in this very thread. But you make a good point about the legal guarantees of defined benefit being much stronger than defined contribution plans.

There is only one option in which your employer will make contributions without any sort of required contribution from the employee and that is known as a non-elective safe-harbor plan design. A finite amount of defined contribution plans will make this election, meaning a vast majority will not. For companies that wish to meet the safe harbor requirements, but not provide a non-elective contribution, the two other election options are:

- company matches 100% of the employees contribution up to 4%; or

- company matches 100% up to employees contribution of 3% then 50% on the next 2% of employee contributions.

Both of these options get you to 4%, but require an employee to make contribution. For non safe-harbor plans, most will have a vesting schedule and also require employee contributions. There is no plan outside of safe-harbor that will contribute without contributions. The whole safe-harbor scheme is to benefit highly compensated employees.

The point I was trying to make is that the majority of defined contribution plans require some sort of employee contribution (once again, coming from paycheck) in order reap any benefit from the employer; whereas a defined benefit plan does not.

I'm finished, I'll get off the soap box and head over to the thread about the S&P now.

43 minutes ago, RedDenver said:

1. Opinions cannot be quantified, so your claim makes no sense; otherwise, all opinions would be misinformation. You can make an argument why that opinion is not supported by facts or evidence, but it's disingenuous to call it "misinformation".
2. The matching money from an employer isn't deducted from your pay. In fact, some employers will contribute to your 401k without the employee contributing.
3. I looked up the PBGC and it may not be as guaranteed as you might think. There's a cap for what they'll pay out, not all pension plans are insured, there's no cost of living adjustments, and the PBGC can choose not to pay if there's insufficient funds. From the FAQ:

 

I'm acutely aware of how safe-harbor plans work.

The fact is, even those companies that elect to be safe-harbor do not typically opt in for the non-elective option. Generally, they'll choose the 4% option, meaning that plan participants must still contribute in order to reap any benefit of employer contribution. Thus employee contributions are required (i.e. 401k plans are not free).

Furthermore, I should've clarified point 3 and stated all corporate pension plans, with over 25 employees, are covered by the PBGC. Of course federal government pension plans are not covered by the PBGC and I'll let you go ahead and figure out why that is the case. 

As to the various links that you included, here we go.

- Not all pension plans are insured: the distinction of what a pension plan is should be made at this point. Every single retirement plan mentioned in this thread is technically a pension plan. Pension plans are broken down between defined benefit plans (what everyone associates as a pension) and defined contribution plans (401k, 403b, etc.). The PBGC will not pay out for DC plans, but they are on the hook for DB (traditional pension) plans.

- There is no cost of living adjustment. Again, that is unfortunate for the insured but it is what it is. However, in instances where PBGC are not needed, COLA are included in the pension benefit calculation - as are years of service and ending salary. 

Finally, I've spent far too long arguing this topic but I will add this. Even if the company pisses the bed when it comes to poor investments, participants are still legally entitled to benefits. This fact should not be overlooked when comparing a defined benefit plan to a defined contribution plan. Plan participants are their own worst enemy when it comes to investment selections and there are far too many that will piss away their entire 401k thinking they're the next peter lynch and are left with nothing. So you could have your employee contribute 200% on the first 12% and still piss it away. Pension plans eliminate this risk.

5 minutes ago, RedDenver said:

Seems more like your opinions than evidence for misinformation. Taking your first sentence:

1. Pensions obviously cannot literally be cancer. That's an analogy reflecting someone's opinion, which isn't misinformation.
2. I've worked for several companies that had no vesting schedule and only one that did have vesting, but the money in my account is still mine, so I don't see how that's misinformation either.
3. Lots of companies gotten out of paying their pension plans. Most of the ones that come to mind were through bankruptcy like United Airlines. And of course there's companies that simply folded that stopped paying out pension because they no longer exist.

1) calling pension plans “the worst” is the very definition of misinformation. IF you have no way to quantify that claim, you cannot call it the worst.

2) the money isn’t free, you still contributed to it. Whereas benefits provided by a pension plan are closer to free seeing that no deduction from your personal pay statement is contributed. 

3) Every single defined benefit plan in the US is ensured by the PBGC. So if a company goes bankrupt, you are still going to receive a benefit. 

12 minutes ago, RedDenver said:

Can you show what's misinformation?

The notion that pensions are cancer, 401k money is free (the employee contribution is but typically there is a vesting schedule from the employer), that companies don't have to fund their pension, etc.

Pensions, when overseen by a highly competent committee, are a very valuable source of retirement income especially for long tenured employees as years of service provided and ending salary are generally inputs for benefit payments.

On 1/24/2019 at 10:29 AM, BigRedBuster said:

I’m not sure why you keep toying with the myth that 401k money is not yours. 

You keep talking like pension money is fake or that companies can dip into various accounts and take an unlimited amount of cash. The PPA does not allow this. There are funding requirements. Even if a company were to go insolvent, the PBGC covers these events.

Your tone comes off as labeling pensions are the worst thing in the world, but @teachercd actually nailed it on the head. The pension system itself is fantastic. Name another benefit that you don't pay for that accretive over time - based off salary or years of service provided? These benefits are actually why many of the companies these days do not offer pensions, they'd rather the employee burden some of the responsibility of contributing to their retirement plan. 

However, @VectorVictor is right in the sense that the individuals (trustees) should be held with their feet to the fire in circumstances in which fiduciary responsibilities are not met. He is also correct that 401k's are limited by what the investment committee offers within the plan lineup. You cannot truly invest however you'd like, unless your company offers a self-directed brokerage window. This is for the employee's benefit as human psychology has proven that plan participants will likely chase returns when afforded too many options.

Hell of a lot of misinformation being spewed by someone that seems to have the entire financial services industry figured out, but in actuality is far from it.

1 minute ago, GSG said:

 

 

 

That's the one. That is a touchdown.

10 hours ago, CheeseHusker said:

What's the worst call you've seen go *in* Nebraska's favor?

 

Wasn't there a game against PSU at home where they clearly scored a touchdown but it was ruled either a fumble before the ball crossed the goal line? I seem to remember something like that occurring in the south endzone.

4 hours ago, StPaulHusker said:

Kirk Herbstreit does not hate Nebraska football.  I would suspect he's not a fan of our fan base.  But he is very, very realistic in how he sees Nebraska football.  

ding ding ding. He's about as objective as they come. I really wish the kirk hates Nebraska narrative would die. He spoke highly of frost and even had us as one of his surprise teams prior to the beginning of the season. Some people need to learn how to let a manufactured argument go.

He also self-reviewed his now defunct cleanosaur company.  What a total wash up, has been.

I give him credit for taking the time to write all that up, granted I'm not sure he had much else to do.

I’m flying in from Dallas. 

So he’s over the maid service? Damn, really thought that thing was gonna grow legs. 

Seems like something a bored 16 year old would tweet...just craving that attention and just as quick to respond to all ~10 responses. 

Just now, commando said:

he was angry about straws.  

"Officers arrested Taylor shortly after when they received a call about an unarmed robbery nearby and recognized him from the video, police said."

Meth is a hell of a drug!

21 minutes ago, huKSer said:

Its not in the video, but he got arrested and while in handcuffs on the way out, he kicks another McDonald's employee in the stomach

 

Sounds like he was arrested after an attempted robbery?

f#&% that guy. I'm with @Moiraine - let her get after him. He deserved everything he had coming.

1 hour ago, BigRedBuster said:

If he does that to a woman behind the counter at a McDonalds over a straw, imagine what he does to his wife and kids when he doesn't get what he wants.

Based on this article, he then later went on to kick another female employee. Real winner right there!

https://www.usatoday.com/story/news/nation/2019/01/02/police-florida-mcdonalds-worker-defends-self-straw-fight-video/2467553002/?utm_source=feedblitz&utm_medium=FeedBlitzRss&utm_campaign=usatodaycomnation-topstories

3 hours ago, 84HuskerLaw said:

This year's class is comprised of some pretty good players (as a group it seems to be better than any of the past decade or so) without the big three states of Fl, TX and CA basically.   We need to hit MN, WI, Ill , MO, KS, CO, OK a lot harder in the future.   In my view, they should get 65% or more of their roster from within the region  and cherry pick another 8 or so from the rest of the country.   The population based of CO, WY, Dakotas, MN, WI, IA, MO, IL, KS, OK is probably 30 million or more.   That's plenty to find 35 excellent players annually.   Throw in 8 more from beyond should be quite adequate to build a nationally relevant team.   

 

This staff has few contacts and connections in the region and or the Big Ten area generally but that can change, over time.   It is disappointing we couldnt land half a dozen out of FL with all the ties there but ???

 

There is regional bias by the recruiting ranking outfits which probably tend to be located in the 'warm weather' areas so they don't spend much time searching the northern and eastern sections and this bias tends to influence that selection of teams for the play offs and throughout the season in polls as well.  If warm weather teams start with an advantage, it is not surprising they would tend to lead in the number of titles, etc.   Not sure the weather is the prime factor though.

I mean, we hit Georgia pretty good and took some guys from SEC country (Tenn, Ala, Kentucky). Yeah, our Florida recruiting could've been better but we still hit the deep-south.

I got Orlando.

I do not like to live vicariously through other conference mate's bowl success, especially when we're not contributing. That is very SEC-like.

25 minutes ago, BigRedBuster said:

 

Interesting. 

 

Doesn’t that many times mean the major move isn’t indicative of a market wide sentiment?

Absolutely - that could be an explanation.

It also tends to get pretty thin right around holidays - especially Thanksgiving and Christmas.